This Foreboding Sign Looms Over KE Holdings's Chart
Portfolio Pulse from Benzinga Insights
A 'death cross' has formed on KE Holdings' (NYSE: BEKE) chart, indicating potential bearishness for the stock. The death cross occurs when the 50-day moving average moves below the 200-day moving average, suggesting a change in the long-term trend.
June 15, 2023 | 2:52 pm
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The formation of a 'death cross' on KE Holdings' chart suggests potential bearishness for the stock, prompting investors to consider possible short positions.
The 'death cross' is a technical indicator that occurs when the 50-day moving average moves below the 200-day moving average, suggesting a change in the long-term trend. This bearish signal may prompt investors to consider short positions in KE Holdings, as it indicates potential downward pressure on the stock price.
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